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MercoPress, en Español

Montevideo, January 28th 2026 - 06:07 UTC

Tag: Scott Bessent

  • Monday, January 26th 2026 - 10:13 UTC

    U.S. Treasury Secretary praises Milei and defends U.S. currency swap as bilateral alignment deepens

    Bessent claimed it was “very clear” that Kirchnerist sectors were trying to “trigger a market disruption” to affect the electoral landscape

    U.S. Treasury Secretary Scott Bessent praised Argentine President Javier Milei and defended the currency swap deal between the two countries, offering a mix of political and financial backing that the Trump administration frames as part of its broader Latin America strategy.

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  • Tuesday, January 13th 2026 - 10:00 UTC

    IMF coming to Venezuela's rescue?

    Unfolding political events in Caracas will play a key role in determining whether that option is available

    US Secretary of the Treasury Scott Bessent announced on Monday a plan to stabilize Venezuela’s collapsing currency by re-engaging with global financial institutions. The strategy consists of unfreezing approximately US$4.9 billion in International Monetary Fund (IMF) Special Drawing Rights (SDRs) to provide much-needed liquidity to Caracas' Central Bank.

  • Saturday, January 10th 2026 - 10:47 UTC

    Bessent praises Argentina on swift repayment of swap

    Bessent noted that emergency interventions were giving way to traditional market confidence

    US Secretary of the Treasury Scott Bessent noted Friday that the Argentine government of President Javier Milei swiftly repaid US$2.5 billion from a recent currency swap in full, framing the operation as a landmark victory for the “America First” agenda and a signal of Buenos Aires' return to financial stability.

  • Saturday, October 25th 2025 - 10:58 UTC

    Milei's future hangs in the balance at Sunday's midterms

    Bessent's US Treasury handouts kept the peso from a sharper fall leading up to the polls

    Sunday's midterm elections in Argentina have been deemed crucial for the future of President Javier Milei's La Libertad Avanza and its drastic “chainsaw” economic reforms amid mounting recession and a sharp slowdown despite bailouts from Washington.

  • Thursday, October 16th 2025 - 09:33 UTC

    Bessent steps in to keep dollar from soaring in Argentina

    El cambio de tendencia en el mercado se produjo por la tarde, cuando Bessent anunció que volvería a vender dólares

    Argentina's financial markets bounced back on Wednesday following an intervention and new statements from US Secretary of the Treasury Scott Bessent after initial fearful trading resulting from US President Donald Trump's conditional endorsement of the South American country.

  • Friday, October 10th 2025 - 10:03 UTC

    US buys Argentine pesos to rescue Milei from “acute illiquidity”

    Bessent threw a lifeline to Milei's remaining two years in office

    US Secretary of the Treasury Scott Bessent announced on Thursday a currency swap with Argentina, whereby Washington would obtain pesos from the South American country in exchange for US$20 billion, following intensive meetings in Washington with Economy Minister Luis Toto Caputo.

  • Tuesday, October 7th 2025 - 10:11 UTC

    Argentine Economy Minister seeks help from Bessent and Georgieva

    An announcement is expected after Caputo's trip to Washington

    Argentine Economy Minister Luis Toto Caputo held key meetings on Monday in Wasdhington, DC, with US Treasury Secretary Scott Bessent and International Monetary Fund (IMF) Managing Director Kristalina Georgieva in search for a lifeline ahead of the Oct. 26 midterm elections when the ruling La Libertad Avanza (LLA) of President Javier Milei will seek to build political muscle to face the administration's remaining two years. A concrete announcement is expected from Caputo's meetings.

  • Friday, October 3rd 2025 - 10:55 UTC

    Bessent insists US ready to help Argentina

    Under heavy flak for his crumbling economic policies, Milei likened Bessent to footballer Lionel Messi

    US Treasury Secretary Scott Bessent publicly reiterated his strong support for Argentine President Javier Milei's government, confirming that his agency was prepared “to do whatever it takes” to stabilize the South American country's economy and was working on a currency swap package believed to be around US$20 billion.

  • Thursday, October 2nd 2025 - 08:01 UTC

    “Argentina’s finances just got even more surreal”, by The Economist

    President Milei and mentor, Donald Trump, Make Argentina Great Again

    On September 22nd, 15 minutes before Argentina’s foreign-exchange markets opened, America’s government made an intervention. “Argentina is a systemically important US ally,” Scott Bessent, America’s treasury secretary, wrote on X, a social network. He added that the United States would “do what is needed” and that “all options for stabilization are on the table.”

  • Monday, September 22nd 2025 - 23:19 UTC

    Argentine economic frenzy slows down after US support and gov't's measures

    Bessent assured Washington would bail out a key ally such as Argentina

    After securing US financial support and implementing a temporary reduction in agricultural export taxes, Argentina's financial markets saw a significant turnaround on Monday.

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